JPMorgan upgrades Intel stock to Neutral after four years

Published on 10/21/2026 at 11:12 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

JPMorgan upgraded Intel from Underweight to Neutral on October 19, 2026. Intel stock costs EUR 83.21 on October 21, 2026 against a EUR 122.86 high.

JPMorgan changes its Intel view

Intel's second-quarter revenue reached USD 16.13 billion on July 23, 2026.
JPMorgan moved Intel from Underweight to Neutral on October 19, 2026, with an USD 85.00 target.
Intel stock trades at EUR 83.21 at 11:07 a.m. CEST at Lang & Schwarz on October 21, 2026.

Top-down flatlay on brushed stainless steel of iridescent silicon wafers, chip carrier trays, precision tweezers, jeweler loupe, and glass sample tube arranged neatly under even studio lighting — Intel Corporation US4581401001 Flatlay mit Silizium-Wafern, CPU-Trägern, Pinzette und Lupe auf Edelstahl, Illustration mit AI erstellt.

Intel stock (ISIN US4581401001) trades at EUR 83.21 at Lang & Schwarz on October 21, 2026 at 11:07 a.m. CEST as investors assess a fresh change in the analyst debate. According to MarketBeat, JPMorgan moved Intel from Underweight to Neutral in a note issued on October 19, 2026, while keeping an USD 85.00 price target. The upgrade removes a bearish rating, but the target remains below the latest euro indication.

Second-quarter growth sets the bar

Intel's latest reported quarter showed revenue of USD 16.13 billion for the second quarter of 2026, up 25.2 percent from the same period a year earlier. Investing.com reported that Data Center and AI revenue rose 59 percent to USD 6.26 billion, while non-GAAP gross margin reached 41.8 percent.

Three dates explain the setup

On July 23, 2026, Intel reported USD 16.13 billion in second-quarter revenue; on October 6, 2026, it announced an October 29 results date; and on October 19, 2026, JPMorgan shifted its rating to Neutral with an USD 85.00 target. The chronology moves from operating improvement to a valuation test.

What must Intel prove on October 29?

Intel's third-quarter guide calls for revenue of USD 15.8 billion to USD 16.8 billion, non-GAAP earnings per share of USD 0.38 and non-GAAP gross margin near 42 percent. Intel's official release says the company will publish results after the market close on October 29, 2026, followed by a conference call at 2:00 p.m. PDT, as stated by Intel. The next report therefore has to show whether revenue growth is translating into durable margins and cash generation.

Current euro indication

Intel's primary listing is Nasdaq, where the stock was quoted at USD 91.69 on October 20, 2026 at 4:00 p.m. ET in the finance market snapshot. The primary-market 52-week range was USD 32.89 to USD 142.35, while market capitalization stood at USD 484.7 billion on that date.

Intel stock was trading at EUR 83.21 at Lang & Schwarz on October 21, 2026 at 11:07 a.m. CEST. The further course of trading is shown by the continuously updated real-time quote of Intel stock.